Entertainment reports Parke

Disney Plus Hits Slowdown to Add Just 2.1 Million Subscribers, Misses Wall Street Expectations

Reading now: 595
variety.com

Disney Plus slammed on the brakes in the most recent quarter, gaining 2.1 million customers — the streamer’s slowest growth since launching two years ago.As of Oct.

2, Disney Plus had 118.1 million paid subscribers worldwide, inching up from 116 million at the end of the prior quarter, the company said in reporting its fiscal Q4 2021 results.Click here to sign up for Variety’s free Media Earnings newsletter.The number was well short of Wall Street forecasts, which had pegged around 10 million net adds: Analysts on average expected Disney Plus subscribers to reach 126.2 million for the quarter, per FactSet.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA